SAYS SUCCESSFULLY DRILLED AND IS WORKING TO COMPLETE THREE DEVELOPMENT WELLS
at the main pass 61 oil field
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UPDATES GULF OF MEXICO EXPLORATION AND PRODUCTION ACTIVITIES
SAYS WELL WAS ABANDONED IN SEPTEMBER AFTER EVALUATION DETERMINED IT DID NOT
contain commercial quantities of hydrocarbons
SAYS IDENTIFIED AN APPROXIMATE 190 FOOT VERTICAL COLUMN OF HYDROCARBONS AT
blueberry hill
SAYS SHERWOOD DEEP GAS EXPLORATORY PROSPECT ON HIGH ISLAND BLOCK 133
commenced drilling on July 2
SAYS FLATROCK NO. 5 WELL CURRENTLY PRODUCING AT GROSS RATE OF ABOUT 65
mmcfe/d
SAYS Q3 2009 EXPLORATION EXPENSE WILL INCLUDE APPROXIMATELY $6.5 MILLION FOR
drilling and related costs
SAYS PLANS TO COMMENCE SIDETRACK OPERATIONS ON THE HURRICANE DEEP WELL IN THE
Q4
SAYS BELIEVES AN UP DIP WELL HAS THE POTENTIAL TO CONTAIN A THICKER
hydrocarbon column
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UPDATES GULF OF MEXICO EXPLORATION AND PRODUCTION ACTIVITIES
SAYS HAS ENTERED INTO AGREEMENT WITH W.A. MONCRIEF TO PARTICIPATE IN
McMoran's ultra-deep drilling program
SEES THIRD QUARTER 2009 PRODUCTION WILL AVERAGE APPROXIMATELY 210 - 215
mmcfe/d
SAYS EXPECTS FOURTH-QUARTER PRODUCTION TO AVERAGE APPROXIMATELY 215 MMCFE/D
SAYS PLANS TO COMMENCE SIDETRACK OPERATIONS ON THE HURRICANE DEEP WELL IN Q4
2009
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The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
